- This topic has 328 replies, 85 voices, and was last updated 7 years, 9 months ago by
rencpa.
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December 11, 2017 at 10:59 am #1676698
jeffKeymasterWelcome to the Q1 2018 CPA Exam Study Group for BEC. 🙂
Introduce yourselves and let your fellow NINJAs know when you plan to take your exam.
The Five Steps (NINJA Framework): https://www.another71.com/pass-the-cpa-exam/
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February 26, 2018 at 9:50 am #1719563
TbuggParticipantFebruary 26, 2018 at 7:07 pm #1720129
chriscanpassParticipantI just left my BEC exam, I was supposed to be taking FAR today. I should mention that I need testing accommodations. The testing center messed up and switched the dates on my two exams. So instead of having an extra 2 weeks to study BEC I was left to take the exam today. I was extremely stressed out when I found out I had to take BEC today. I was on the phone with NASBA and Prometric for almost 2 hours. The best conclusion they had was to reschedule until next quarter which means I would lose my test window for this quarter. So i took the test and now I will most likely will have to take it in April. Does anyone have experience with the testing center messing up your dates?
February 26, 2018 at 7:14 pm #1720132
BourneParticipantI would be irate beyond words. No way they'd be getting away with this. If I were you I'd somehow make a huge statement.
February 27, 2018 at 7:31 am #1720271
CSParticipant@ chriscanpass Damn that sucks dude, hoping for the best for you for this score.
@ Tbugg Sat for BEC yesterday (2/26), and regarding MCQ, all I can say is when people on the forum say know COSO/IT, they mean know COSO/IT. IT is more of a toss-up because it's so varied and not structured section i.e. cost accounting, but for COSO, know the in's and out's. I thought I knew it well for Audit (my last exam), but after reading posts last week, I drilled COSO-only (and IT) MCQs the last few days prior to my exam and didn't realize the small details I missed or glossed over, and they matter.
February 27, 2018 at 8:48 am #1720301
BourneParticipantGood thing I have over a week for prep. Anyone know a good website/document to study COSO from? It just seems all over the place!
February 27, 2018 at 12:57 pm #1720474
chriscanpassParticipantYeah this is how my test was too. IT/coso and the sims were heavy on net present value and variance analysis. I had two on both.
February 27, 2018 at 9:42 pm #1720831
rencpaParticipant@ Chris,
Sorry to hear about your exam. If you want to complain, you have 5 days from the exam day. Keep in mind, you agreed to take the exam this testing window. I know this is not what you like to hear, but next time refuse taking if they change or cannot accommodate you the right way.
Once I took a CPA exam without an AC unit working in the testing room. It was soooo hot there. Considering the fact, it was at the end of May, Texas location. My brain was not able to function. I complained about the condition, but it was too late (think I did 7 day after the exam). I was informed by NASBA that I should have refused taking the exam and asked to be rescheduled. I did not know I have that right. Thankfully, I passed. I said this because we all take the exams and sometimes we do not know that we have some rights.
Wish you good luck! Hope you did enough for 75.
February 27, 2018 at 9:49 pm #1720837
rencpaParticipantI also have a couple of questions about Written Communication.
1) Is it possible to be asked about a different format than a memo?
2) How do you start? Becker starts right away with a sentence. Should I consider to start with “Dear CFO”, “Dear Manager” etc. If yes, what should I do if I have a title (e.g. CFO) and a name (e.g.”John Smith”). According to my research, I should not use both (name & title) with a memo. However, Becker is using both when they say, “To: John Smith, CFO” This is truly confusing me.
3) Do you guys sign with your name, “Sincerely/Best regards… Angie Brow” (guess, I watched her too much today) Asking because, I have a veeeery long European name that has been confusing people since I have been in this country. I am pretty much sure a computer is going to mark my name as an error/mistake. Should I sign with a different name? Use my husband's American name lol? Or sign “Future CPA” No name?
I am asking because writing is not my strong part. And I truly need to get over 75.
February 28, 2018 at 8:01 am #1720951
CSParticipant@ Bourne Regarding COSO, if you focus on it, I think you'll find most principles/concepts similar, but sometimes it's tough to decide what is important to retain. I used Roger for my primary “learning” course, but liked Gleim MCQs format as during my review, I looked at every choice of the COSO MCQs to see what elements belonged to what component of COSO, ERM etc. When I first read through COSO, I had an understanding but more in a broad sense, you definitely want to drill into the details a bit.
@rencpa I followed Roger's format with To, From, then Dear. However, I initially put my name, but the spell check would underline my actual name as incorrect, and I guess I got paranoid thinking the program would take points off for that so I took it out and either put CPA Candidate or the position as I was given my the memo.
February 28, 2018 at 9:20 am #1720972
TimParticipantI'd love to know the bit about the salutation and signature portion myself. I didn't put a salutation but I put this for my signature:
[My name]
[My title – as given by the question]I got a 95 but that doesn't mean I didn't get marked off for this. Computer grading of writing just stinks to me. I bet people get marked off for stuff that isn't really wrong all the time.
February 28, 2018 at 9:30 am #1720976
jenpenParticipant@rencpa
FWIW – I have taken this section 3 times and I have only ever gotten memos. I'm not sure if they ask for letters or anything else. Since they complete the top of the memo for you, then you do not need to provide a salutation, or even a closing since it is an informal document. I always just started writing, and would have a concluding paragraph, but never did a “sincerely” or my name at the end. I received “stronger” on the written portion on the 2 times that I didn't pass.
AUD - 56 - 68 - 61 - 9/8/16
REG - 75
FAR - 7/15/16
BEC - TBDWiley CPAexcel and NINJA 10 Point Combo
February 28, 2018 at 10:36 am #1721018
rencpaParticipantThank you Guys for your input!
It looks like I will skip the salutation and signature and wait for the score this time. Last December, I certainly included both, the salutation and my name. Ended up with 71. Who knows? Maybe I lost some points because of that, maybe I did not. I know I could have done a better job. For sure, I do not want to lose points because of silly mistakes. Although English is my second language, I have never experienced any problems at work. However for sure, I hate the written portion during the CPA exam.
Anyway, hope I can take the exam this testing window. Have been on and off since December because of the weather and last weekend I ended up on ER because of an eye infection. It is almost impossible to do any studying right now.
Jen, seeing YOU here cheered me up! Thank you, girl! You are certainly, my motivation.
Good luck with studying!
March 1, 2018 at 9:10 pm #1722322
AnonymousInactiveHello guys,
New member here. I have been stalking for weeks, but finally decided to join. I am studying for BEC now, and one of the questions has me confused on the mock exam.
– Lab maintenance costs as appraisal costs
– Pre-production inspection as prevention costsMy natural feeling is that these two should be switched. Can anyone explain this?
Thanks!
March 2, 2018 at 9:49 am #1722631
kmgentilParticipant@Chandler, welcome.
Try to imagine a factory is making tickle me elmos. When the fabric is shipped in, the fabric has to be inspected before sewn on, the eyes have to be inspected before they are glued in, the speakers will have to be inspected before they are put into elmo. Because production has not happened yet, these are preproduction costs (to make sure that we don't make any defective elmos). This is a prevention cost because prevention costs are the costs incurred before elmo is assembled.
Appraisal costs are the costs incurred after elmo has been put together. They need to test him by tickling him. Inspect him to make sure he has all his eyes and a nose. To be honest, I'm not too sure why they threw maintenance in as an appraisal cost. But just think to yourself how long can these people tickle and stare at elmo? It's a pretty easy job so pick up a damn mop and clean the lab!
Hope this helped. Rereading what I wrote I'm not too sure if it did lol.
March 2, 2018 at 12:47 pm #1722713
TiredofstudyingalldayParticipantI need help on trying to figure out how to do variance analysis.
Anyone have any tips on how to figure out how to solve problems like:
Variable Overhead Efficiency Variance?
Flexible Budget Overhead Variance?
Fixed Overhead Volume Variance?I know how to do the easy ones like Price, Usage, Rate, and Efficiency Variances.
Thanks!
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